65-year-old auto parts company shuts plant, dumps 100s of workers

Yahoo Finance
2025.12.31 21:07
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Cooper Standard Automotive, a major auto parts supplier, is closing its New Lexington, Ohio plant, resulting in the layoff of approximately 228 employees. The decision, communicated via a WARN letter, is part of the company's strategy to optimize manufacturing efficiency. Affected workers may be offered transfers to other facilities. This closure follows ongoing supply chain issues and economic challenges in the auto parts industry, which have led to bankruptcies of other companies like Marelli and First Brands.